CAROLINA BALLET INC (EIN 561445383) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

MARGARET DEAL

Phone

9197190800

Tax Period

2023-07-01 to 2024-06-30

CAROLINA BALLET INC, founded in 1984, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 20% operating margin.

Mission

CAROLINA BALLET'S MISSION IS TO PERFORM WORLD-CLASS PROFESSIONAL BALLET, ENTERTAINING AND ENLIGHTENING AUDIENCES IN RALEIGH, THE TRIANGLE REGION, THE STATE OF NORTH CAROLINA, AND BEYOND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,072,497

Program Service Revenue $3,756,646

Investment Income $66,636

Other Revenue $41,630

TOTAL REVENUE $10,937,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,070,508

Fundraising Expenses $122,508

Program Expenses $8,056,213

Other Expenses $5,704,831

TOTAL EXPENSES $8,775,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,937,409	$9,651,562	+0.1%
Expenses	$8,775,339	$8,753,508	+0.0%
Net Income	$2,162,070	$898,054	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

131

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$271,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS KAREN FOSTER	CHAIR	1.00	Officer Director	$0	$0	$0
MRS STEFANIE KAHN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MRS JANE SMALL	SECRETARY	1.00	Officer Director	$0	$0	$0
MS MEG DEAL	TREASURER	1.00	Officer Director	$0	$0	$0
MS ELISE HOBBS-GANNAWAY	VICE-TREASURER	1.00	Officer Director	$0	$0	$0
DR LENORE BEHAR PHD	BOARD MEMBER 2024	1.00	Director	$0	$0	$0
MR MAURICE BOSWELL	BOARD MEMBER 2024	1.00	Director	$0	$0	$0
MRS SUSAN BRIGHAM	BOARD MEMBER 2026	1.00	Director	$0	$0	$0
DR JOSEPH BUMGARNER	BOARD MEMBER 2025	1.00	Director	$0	$0	$0
DR ANNA GOODMON MD	BOARD MEMBER 2024	1.00	Director	$0	$0	$0
DR ROB SCHANTZ	BOARD MEMBER 2025	1.00	Director	$0	$0	$0
CHARLES SILVER	BOARD MEMBER 2026	1.00	Director	$0	$0	$0
MR BRANDON STATEN	BOARD MEMBER 2026	1.00	Director	$0	$0	$0
MR KATHERINE WHITE	BOARD MEMBER 2026	1.00	Director	$0	$0	$0
MS LESLEY WILSON	BOARD MEMBER 2026	1.00	Director	$0	$0	$0
MRS JUDY ZELNAK	BOARD MEMBER 2024	1.00	Director	$0	$0	$0
ZALMAN GRINBERG	ARTISTIC DIRECTOR/CEO	60.00	Officer	$168,830	$5,987	$174,817
AJI TOURAY	DIRECTOR OF HR & ACCOUNTING	60.00	Officer	$89,407	$7,010	$96,417
JAN CATLIN	BALLET MASTER/CHAIR OF FACULTY	60.00	Highest	$102,113	$6,017	$108,130

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$10,937,409	$8,775,339	$8,708,518	$2,162,070
2023	$9,651,562	$8,753,508	$4,769,065	$898,054
2022	$7,597,058	$6,288,152	$3,987,257	$1,308,906
2021	$3,304,683	$3,452,811	$3,269,575	$-148,128
2020	$5,042,638	$5,741,251	$2,591,733	$-698,613
2019	$5,312,924	$6,151,197	$3,282,910	$-838,273

CAROLINA BALLET INC